Anil Singhvi Market Strategy (February 27): Key Nifty 50 & Nifty Bank levels to track, stocks of the day & more

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty 50 index at 22,400-22,500 levels and a strong buy zone at 22,235-22,300 on Thursday, February 27. For the Nifty Bank, he expects support at 48,275-48,525 and a strong buy zone at 47,800-48,050 levels.

Read on to learn about the market wizard's views and recommendations for the day. 

How market guru Anil Singhvi sums up trade setup this morning: 

• Global: Neutral

• FII: Negative

• DII: Positive

• F&O: Neutral

• Sentiment: Negative

• Trend: Negative

• FII long positions at 17 per cent vs 15 per cent before Tuesday's session

• Nifty put-call ratio (PCR) at 0.77 vs 0.71

• Nifty Bank PCR at 0.81 vs 0.76

• Volatility index India VIX down five per cent at 13.72

The market wizard sees a higher zone at 22,625-22,725 levels and a profit-booking zone at 22,775-23,825 levels for the 50-scrip benchmark. 

For the banking index, he sees a higher zone at 48,975-49,150 levels and a profit-booking zone at 49,250-49,450 levels.  

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ANIL SINGHVI MARKET STRATEGY

For existing long positions: 

• Nifty intraday and closing stop loss at 22450

• Nifty Bank intraday and closing stop loss at 48275

For existing short positions:

• Nifty intraday and closing stop loss at 22625

• Nifty Bank intraday and closing stop loss at 49000

For new positions in Nifty50:

• Aggressive traders can buy Nifty with a strict stop loss at 22,450 for targets of 22,625, 22,650, 22,725, 22,775, 22,800 and 22,825

• Aggressive traders can sell Nifty in the 22,725-22,825 range with a strict stop loss at 22,925 for targets of 22,675, 22,625, 22,550, 22,525 and 22,500

For new positions in Nifty Bank:

• The best range to buy Nifty Bank is 47,850-48,075 with a stop loss at 47,650 for targets of 48,275, 48,400, 48,525, 48,600, 48,750 and 48,850

• Aggressive traders can buy Nifty Bank in the 48,275-48,525 range with a strict stop loss at 48,200 for targets of 48,850, 48,975, 49,100, 49,150, 49,250 and 49,350

• Aggressive traders can sell Nifty Bank in the 49,100-49,350 range with a strict stop loss at 49,500 for targets of 49,000, 48,900, 48,750, 48,625 and 48,550

F&O Ban Update

• New in ban: Chambal Fertilisers

• Already in ban: Manappuram Finance

• Out of ban: None

MARKET GURU ANIL SINGHVI SHARES STOCKS OF THE DAY

Buy Bandhan Bank futures stop loss at 133 for targets of 138, 140, 144; buy IDFC First Bank futures stop loss at 58.50 for targets of 59.50, 60.50, 62

• RBI eases risk weights for banks lending to NBFCs

Sell Polycab Futures stop loss at 5840 for targets of 5730, 5675, 5610

• Ultratech's entry into cable business is negative

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